While many cryptocurrency platforms fail to find a viable solution to the issue of scalability, the Nano team is confident that they have already solved this problem… Nano stands out with features such as instant transactions and zero transaction fees.. This cryptocurrency has a unique code called Block-Lattice.
What is Nano?
Nano is a crypto that uses a code called Block Lattice and DAG (Directed Acycic Graph) algorithms. money. If you want to have a Nano account you have to go through a special procedure called Account-Chain. It is possible to change these “chains” in your own personal account without the help of the network. In order to perform a Nano transfer on this network, you must have performed two transactions; sender and receiver process. The account receiving the nano has to sign a block to perform the transfer.. If this is not the case, the transaction cannot occur.. Every transaction takes place via a protocol called UDP that allows offline transactions.. Since transactions can be processed separately from the network, there is no such thing as a block size problem, which means transactions can be processed much faster.
Nano was developed by whom and when
Nano was first developed Raiblocks, as it was called at the time of its release; Developed by Colin LeMahieu in 2017.
What Makes Nano Special?
-Removes the block size issue.
-The cost of running a node None.
-Operations are performed independently of each other.
-It has enhanced latency, so a chain of accounts can be loaded at any time.
Nano and Block Lattice
Block-Lattice infrastructure allows much faster transactions compared to Bitcoin and other blockchains, while eliminating the scalability issue. Transactions made in different blocks reduce the probability of the block size problem, which is one of the biggest problems of blockchains.
This technology is also environmentally friendly.. Working with the DPOS (Delegated Proof of Stake) model, this infrastructure protects itself from mining and the possible threats it brings.. While there is no energy consumption because there is no mining, transactions are confirmed much faster.
Nano and Micro Payments
Nano IOTA also makes micropayments possible without any commission deductions.. If we compare with IOTA in this regard, there is no interruption in either, but the interruption is not the only issue we need to be concerned about; Speed is also an important factor.. In IOTA, a transaction does not have to go the first time, and it can take a few minutes for a transaction to be confirmed.. Nano’s processing time is between 5-10 seconds.. In addition, IOTA addresses are not permanent; When an address is used for a “send” transaction, it can no longer perform any “buying” transactions.
Nano Wallet
Click here to enter Nano’s official site, download your wallet suitable for your operating system from the Wallets section. You can install and securely store your Nanos in these wallets.. Follow the steps below for PC installation of Wallet:
1- Install Wallet on your computer.
2- Synchronize your wallet. When the wallet is opened, you will see an empty wallet for you to specify the password, and Block-Lattice will automatically download.
3- When you set your password, make sure to write down your Wallet Seed and do not share it with anyone.. If you lose this Seed, you will not be able to reach your wallet and you will not be able to recover any Nano in your wallet without this Seed.. Make sure to backup and keep this Seed in a safe place.
4- Use your address starting with XRB to send Nano to your wallet, and simply use the Send button to send from your wallet.. Keep in mind that you have to unlock your wallet both when receiving and sending Nano.
Where Can I Get Nano?
You can get Nano on cryptocurrency exchanges like other cryptocurrencies.. Exchanges you can buy are listed below. Of course, if you buy it, it would be beneficial to create a wallet and have your own seed there to avoid problems like Bitgrail and to store your Nanos safely…
-Binance
-Kucoin
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-Okex
-Bit-z
-Mercatox
-HitBTC